A Comprehensive Tool for Allocating Public Funding

The aim of the article is to present the first phase of project of the design of an application tool to increase the efficiency and accuracy of measuring the social need for investments financed from public resources in the defined area, in terms of their impact on improving the quality of life of inhabitants and other social needs. Use of the application tool should lead to: a) optimising processes in the phase of evaluating public investments; b) enabling the engagement of a new comprehensive tool for evaluating projects and public investments, which allows for transparent and responsible decision-making from the perspective of the EU provider, c) achieving positive and socially just contributions from economic, social and environmental investments. It follows from the evaluation of phase 1 of the survey that it is no longer appropriate to assess the contribution of the social return on investment using only one value, but there is a need to divide the overall benefit into the 4 specified factors - economic, environmental, social and society-wide factors. The results of the evaluation of stakeholders suggested that among the individual "investors", it is necessary to differentiate the weight of the benefits of their investments within the defined factors.